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This article examines the theoretical foundations of international security and regime theory that lay strict conditions for the creation of international regimes to explain the nature of the cyber conflict and the reasons that prevent the creation of a global regime for cybersecurity. This article analyzes the cybersecurity concerns and interests of the world's leading powers in cyberspace--China, Russia, the European Union, and the United States--based on some key cybersecurity issues in dispute, inter alia, information sovereignty, militarization of cyberspace, and their politics of cyber norms. The article suggests that the absence of a dominant hegemon in the international system, and the perception of cyberspace not only as a domain that increases vulnerabilities and threats, but also as a domain for gaining a strategic advantage, does not meet the theoretical premises for the creation of an international regime. [ABSTRACT FROM AUTHOR]